Saturday, July 18, 2020

Mnuchin answers questions at House Small Business Hearing

https://www.reuters.com/article/us-health-coronavirus-usa-mnuchin/treasurys-mnuchin-open-to-blanket-forgiveness-for-smaller-business-relief-loans-idUSKCN24I23W

 

He supports blanket forgiveness for PPP loans below some unstated amount. [But do we know that loans are being used to pay low- or mid-income employees? – Charlie] He would welcome expanding the PPP program again with a revenue test to make sure recipients have been hurt by pandemic. He wants aid for low- and mid-income households.

 

Charlie Cooper

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